Juan Jimenez Acquires MultiFamily Property In Olympia Heights For $1.25M
SOLD
$1,250,000
Florida
See Similar DealsMultiFamily4,211 SF
Sold 09/07/2023
SOLD
Juan Jimenez Acquires MultiFamily Property In Olympia Heights For $1.25M
9555 Southwest 40th Terrace
See Similar DealsMultiFamily4,211 SF
Sold 09/07/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$296
Total Square Footage:4,211 SF
Transaction Type:Sale
A multifamily property located at 9555 Southwest 40th Terrace in Olympia Heights has been sold for $1,250,000. The property consists of 2 units with a price per unit of $625,000. Spanning across 4,211 square feet, the property has a price per square foot of $297.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,250,000
- Units: 2
- Price per Unit: $625,000
- Square Footage: 4,211
- Price per Square Foot: $297
- Address: 9555 Southwest 40th Terrace, Olympia Heights
Juan Jimenez has purchased the property, with the assistance of Vernon Ubico from RESF, acting as the broker representative in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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